Ownership Opportunities in Cabo

Traditional Ownership Opportunities in Cabo

Foreigners and Mexican nationals alike can enjoy a number of traditional ownership opportunities in Cabo, from full ownership of family homes, to condos to apartments, all of which are suitable for those seeking to relocate permanently in Cabo San Lucas or San Jose del Cabo, wanting to buy a vacation home or looking to invest in property to rent. For almost every kind of vacation homeowner, there are many different options available in Cabo.

The Real Estate Market in Cabo

Over the last 5 years since the economic slump, most real estate ownership opportunities in Cabo have been re-sale properties, however, we are seeing a rise in new properties coming on the market as developers are building again. These new homes are attracting a different type of buyer looking for properties that are smaller and more cost effective. Most people looking for ownership opportunities in Cabo are looking to purchase something new, so this is a good time for the real estate market in Cabo.

Second home ownership in Cabo

Second home ownership in Cabo is very appealing for those wanting a vacation home to bring coworkers, family, and friends. You can come anytime you want and use it anytime. There really is nothing like owning your own place. However, remember that when you purchase a second home, you are responsible for all repairs and maintenance, so this will require that you hire someone to take care of your vacation property like a property manager.

Is it safe to buy in pre-sale in Cabo?

Unfortunately, there are downsides to purchasing a new product as you really don’t know what you will end up with and the risk that the developer actually finishes the project is very real. Nevertheless, you can get a great deal when buying during the pre-sale stages, meaning that your profit is much greater. Likewise, when purchasing a brand new property in Cabo, you can be sure that the designs are modern, built with the latest building products and ready to use.

How about building your own home?

It may be safer to purchase a property that has already been built, but there is something magical about building your own home, because you will be involved in the design, so you know what you are getting. Speaking Spanish will help you in this process but it not essential if you work with a reputable architecture firm and construction firms.

Condominium Living

Condominium living is the first choice for most people wanting a second home in Cabo. It is just easier, because you can maintain a condo with ease, then when it is time for you to return home you just lock up the condo and go home. However, there will be neighbors you will have to deal with. Neighbors could be on both sides of you or below or above you, so think about this when you are picking a condominium. You also are responsible in the upkeep, repairs, and maintenance on the condo inside, although the common areas are maintained with your HOA fees. An added plus to condominium living is they stand tall, so you will have great views.

Read: How to choose the best Real Estate in Mexico
Real Estate in Cabo

Five Main Points When Choosing Real Estate in Cabo

Many regular Cabo San Lucas vacation lovers of have resorted to purchasing real estate in the hope of maximizing the fun and thrills offered by this top Mexican spot. Such a wise move considering the many options it offers and the benefits one can get from investing in Real Estate in Cabo. Nowadays, Cabo San Lucas is one of the most sought after places for vacation home investments with its market value steadily on the rise.

However, before contemplating on such move, it’s important to know and educate yourself on the five main criteria that will make your purchase a favorable one when opting for real estate in Cabo.

Five main points to consider for real estate in Cabo:

Where

The most essential factor of all when choosing real estate in Cabo is the location of the property. Location will dictate the price of real estate, the value in terms of views and amenities, and the future it holds when it comes to being able to rent or sell the property. A lucrative investment in real estate in Cabo depends on the advantageous location of the property, taking into considering the views, the amenities, access, noise levels, neighbors and so on. In Cabo San Lucas you will a range of prime locations for real estate: properties fronting its blue waters, overlooking a golf course, with view of the mountains, in the busy downtown area. Location will, however have a big impact on the price of real estate in Cabo.

How big?

Size matters, especially if the property will soon house a large family or a group of people. If you plan of permanently settling in Cabo San Lucas in the future, it is worth investing a more spacious villa with 2 or 3 bedrooms. Even if you are not ready to make the move to Cabo, you can rent out your property until you are ready to make it your permanent or winter home.

What’s your view

Many are enticed by owning real estate in Cabo San Lucas just because of the spectacular views one can see from many of its properties. Beach lovers will surely opt for a mansion with a nice balcony overlooking the vast, clear waters of the Sea of Cortez, while nature lovers may love the desert views. The choice is yours.

What does it offer?

Amenities are an important factor to think about when selecting real estate in Cabo. The property of your dreams centers on the things you love to do and enjoy. Golf enthusiasts will likely look for a property near a world class golfing facility. Nocturnal people will consider one that’s near bars and touristic night establishments, while beach goers will be fulfilled occupying a beachfront villa.

How long will you be spending in your Cabo Property?

How much time you can dedicate to spending in your property will also have a bearing on the kind of real estate in Cabo that appeals. If you are not likely to make regular extended use of your property, then renting or a fractional real estate purchase could be more beneficial to you. Howevers, if you are planning to spend the winters, or regular getaways each year to your Cabo property, then full ownership is recommended.

Financial opportunities

If you are looking at the business and investment side of purchasing real estate in Cabo, Cabo San Lucas is an excellent choice; you will never be short of visiting tourists, so you’re assured of renters anytime. Also, the exclusivity of Cabo is such that house prices are going to continue to rise, so now is the best time to invest.